News Release

For immediate release
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For further information, please contact:

Shaun Devlin Vice-President, Enforcement (416) 943-4672 or sdevlin@mfda.ca

NEWS RELEASE

For immediate release

MFDA Pacific Regional Council Hearing Panel Makes Findings Against Brian Somerset Campbell

June 17, 2008 (Vancouver, British Columbia) – A disciplinary hearing in the Matter of Brian Somerset Campbell was held yesterday before a Hearing Panel of the Pacific Regional Council of the Mutual Fund Dealers Association of Canada (“MFDA”) in Vancouver, British Columbia.

The Hearing Panel found that the six allegations set out by MFDA staff in the Notice of Hearing dated March 5, 2008 had been established. The Hearing Panel made the following orders at the conclusion of the hearing and advised that it would issue its written reasons for its decision in due course.

  • A permanent prohibition on the authority of Mr. Campbell to conduct securities related business while in the employ of, or associated with, any MFDA Member,

  • A fine in the aggregate amount of $250,000 in respect of the six allegations set out in the Notice of Hearing, and

  • Costs attributable to conducting the investigation and prosecution of the matter in the amount of $7,500.

A copy of the Notice of Hearing is available on the MFDA web site at www.mfda.ca.

The Mutual Fund Dealers Association of Canada is the self-regulatory organization for Canadian mutual fund dealers. The MFDA regulates the operations, standards of practice and business conduct of its 159 Members and their approximately 75,000 Approved Persons with a mandate to protect investors and the public interest.

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